Wednesday, May 23, 2012

How Important is the List Price in Selling a Home?

The listing price in selling a home is extremely important.  If a home is priced too high,  the buyers often shy away from the property and don't make offers.  If a home is priced too low, the sellers might not receive an offer reflective of the true value of the home.

Once a home sits on the market for a bit with no offers, it becomes "stale" so to speak.  Often, the property ends of selling for less than it would have sold had it been priced correctly in the first place.

What is a home worth?  Supply and Demand determine the value of a home.  A certified market analysis by a local realtor is the best way to determine the worth of a home.  The data in the local multiple listing service is very valuable. It is used by local appraisers and realtors to compare properties and ascertain value.

If you are planning on selling in the near future, call me today for a free certified market analysis.  I hope to hear from you soon!

                                                         Carla Brooks

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